R. Andrew Watts - 25 Feb 2024 Form 4 Insider Report for BROWN & BROWN, INC. (BRO)

Role: EVP, CFO and Treasurer
Signature: /s/ Anthony M. Robinson, for R. Andrew Watts, per Power of Attorney
Issuer symbol: BRO
Transactions as of: 25 Feb 2024
Transactions value $: -$1,179,360
Form type: 4
Filing time: 27 Feb 2024, 17:00:40 UTC
Previous filing: 20 Feb 2024
Next filing: 09 Aug 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BRO	Common Stock, $.10 par value	Tax liability	-$1.18M	-14K	-13.39%	$84.24	90.6K	25 Feb 2024	Direct	F1, F2
holding	BRO	Common Stock, $.10 par value (2019 SIP)						96.8K	25 Feb 2024	Direct	F3
holding	BRO	Common Stock, $.10 par value						2.38K	25 Feb 2024	By Watts Family Trust

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares were withheld by the Company solely to cover the income tax withholding requirements associated with the vesting of 35,581 shares of stock under the Company's 2010 Stock Incentive Plan ("2010 SIP").
F2	A total of 395 of these shares were acquired through the Company's Employee Stock Purchase Plan in July 2023. Number of shares may vary due to dividend reinvestment.
F3	These securities were granted pursuant to the Company's 2019 Stock Incentive Plan ("2019 SIP"). The Reporting Person has voting rights and dividend entitlement with respect to these shares, but full ownership will not vest until the satisfaction of service-based conditions.